A. M. Best Company Affirms Ratings of Fort Dearborn Life Insurance Company®
(CHICAGO) – January 8, 2009 – The financial strength ratings of both Fort Dearborn Life Insurance Company (FDL) and its subsidiary, Fort Dearborn Life Insurance Company of New York (FDLNY), were recently affirmed by A.M. Best Company, a global full-service credit rating organization. FDL is rated A+ (Superior) and FDLNY is rated A (Excellent).
“We are proud of our strong A.M. Best ratings,” said Anthony F. Trani, president and CEO of the two companies. “Our ratings speak to our commitment to managing our business well and remaining financially strong, regardless of the current economic climate.”
With 40 years of experience, FDL is among the country’s leading providers of employee benefits. FDL markets group life, short- and long-term disability, dental and individual annuity programs and has $2.2 billion in assets and $153 billion of life insurance in force. FDL is also rated A+ (Strong) by Standard & Poor’s Rating Services, affirmed in its most recent report. The company is licensed in 49 states (excluding New York), the District of Columbia and both the U.S. and British Virgin Islands. FDL is a subsidiary of Health Care Service Corporation (HCSC), a Mutual Legal Reserve Company.
In New York, insurance coverage is underwritten by FDLNY, which commenced operations in February of 2008 and is also rated A+ (Strong) by Standard & Poor’s in its most recent report. FDLNY’s home office is in Pittsford, New York.
Manager, Corporate Communications